Renasant to buy Metropolitan BancGroup in Mississippi

BankThink

M&A Community banking MississippiThe $190 million deal would push Renasant above the $10 billion-asset regulatory threshold.

IH Mississippi Valley CU to Build New $26 Million HQ, Project Receives Tax Incentives

Keith Leggett's Credit Union Watch

Moline City Council approved the city's development agreement with IH Mississippi Valley Credit Union (Moline, IL). As part of the agreement, IH Mississippi Valley will receive a tax increment financing (TIF) incentive payment of up to $3.9 The city will sell property to the $1.2 billion credit union for $2.925 million, which will be used to construct an 80,000-square-foot, four-story facility.

Training Employees to Soar at Community Bank in Mississippi

American Banker

Roughly once a quarter senior executives at Community Bank in Brandon, Miss., take a select group of up-and-coming managers on a three-day retreat. The trips are part of a management training course known as the Falcon Program that took flight in 2012.

IH Mississippi Valley CU (IA/IL) Ups Rate On 48-Month CD (2.32% APY)

Deposit Accounts

Offers & Promotions IH Mississippi Valley Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. IH Mississippi Valley CU (IA/IL) Ups Rate On 48-Month CD (2.32% APY) POSTED ON WEDNESDAY, JULY 12, 2017 BY Ken Tumin Deal Summary: 48-month CD, 2.32% APY, $500 minimum deposit. At the beginning of July, IH Mississippi Valley Credit Union (IHMVCU) raised the rate on its 48-month CD (2.32% APY) by 30 bps. | About Us. Forum. Banks. Savings Accounts.

First Bancshares makes bigger Fla. commitment with FMB purchase

BankThink

The Mississippi company will also gain its first branches in southern Georgia as part of the $80 million deal. Community banking M&A Growth strategies Mississippi Florida Georgia

Renasant lines up next CEO a year in advance

BankThink

The Mississippi company said Mitchell Waycaster will succeed Robin McGraw in May 2018. Succession planning C-suite Commercial banking Mississippi

A slow economy gave regionals chance to catch up on tech

BankThink

Growth strategies M&A Regional banks Digital banking Fintech Alabama MississippiA sluggish business climate and few M&A opportunities freed up midsize banks to invest in better tech systems and services, says Regions Chairman Grayson Hall.

End in sight for Hancock's lingering energy-related issues

BankThink

The Mississippi company said it has recorded most of the expected charge-offs tied to the last severe decline in oil prices. Regional banks Earnings Credit quality Energy industry Mississippi

Uber Of X: The Speed Stable, Motorcycles On-Demand

PYMNTS

With more than 100 users locked and loaded, the Mississippi-based company recently sped over to one of the largest motorcycle events — Barber Vintage Festival in Birmingham, Alabama — with more than 70,000 attendees, many of them learning (and getting excited) about The Speed Stable. We live out in the country in Mississippi, and a 50-year-old, two-stable horse barn became available. uber of x Airbnb mississippi motorcycles on-demand peer to peer Uber Uber of X

IH Mississippi Valley CU Raises Rates on 39- and 60-month CDs

Deposit Accounts

Blog IH Mississippi Valley CU Raises Rates on 39- and 60-month CDs. IH Mississippi Valley CU Raises Rates on 39- and 60-month CDs. IH Mississippi Valley Credit Union (IHMVCU) recently raised the rates on many of its CDs, with the 39-month CD (1.81% APY) and the 60-month CD (2.27% APY) being the most competitive. Membership in IH Mississippi Valley Credit Union is open to U.S. Please refer to our financial overview of IH Mississippi Valley Credit Union for more details.

Hancock reports higher profit despite energy exposure, tax reform hit

BankThink

The Mississippi company reported strong loan growth, even as it reduced exposure to energy-related borrowers. Community banking Regional banks Earnings Tax deferments M&A MississippiHigher revenue also helped Hancock lower its efficiency ratio.

Taxes 46

BankFirst in Miss. buys mortgage services company

BankThink

Community banking Mortgages Servicing M&A MississippiBankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm.

Hancock reports higher profit that reflected balance sheet growth

BankThink

An increase in total loans and a lower tax rate helped the Mississippi company offset revenue it lost after selling a consumer finance business. Community banking Earnings M&A Mississippi

Taxes 40

BankFirst in Miss. raises $16M through private placement

BankThink

Community banking Capital Growth strategies MississippiThe company sold common stock to employees, existing shareholders and new investors.

For this bank buyer, the country's where the action is

BankThink

Community banking M&A Consolidations Under-served populations Arkansas MississippiWhile sellers in urban centers are getting a lot of attention from acquirers, Southern Bancorp in Arkansas shows the upside of pursuing smaller deals in underserved rural markets.

Hancock in Miss. to sell its consumer finance business

BankThink

Community banking Regional banks M&A Consumer lending MississippiHarrison Finance has 35 offices, nearly 140 employees and about $95 million of outstanding loans.

Hancock continues to reduce size of energy portfolio

BankThink

The Mississippi company reported higher quarterly earnings despite ongoing energy challenges. Community banking Earnings Energy industry MississippiHancock also benefited from its April purchase of the failed First NBC Bank.

BancorpSouth reports higher profit on loan growth, expense control

BankThink

The Mississippi company's first-quarter earnings rose 60% from a year earlier. Earnings Deposits Commercial lending MississippiIts results from last year were weighed down by a settlement with regulators.

What made a Georgia bank pivot from IPO to sale?

BankThink

Community banking M&A Capital IPOs Growth strategies Georgia MississippiBrand Group in Georgia was mulling a public offering but it opted to test the waters as a seller first. That decision led to one of the biggest deals announced this year.

Serial acquirer back on track after years in penalty box

BankThink

Community banking M&A Consolidations AML Compliance Growth strategies Mississippi Texas LouisianaDan Rollins engineered nearly a dozen deals while at Prosperity Bank. Now CEO at BancorpSouth, he has returned to M&A after spending four frustrating years dealing with compliance issues.

New deal shows that BancorpSouth's reg issues are a thing of the past

BankThink

Community banking M&A CRA Consolidations Mississippi TexasBancorpSouth, which had two prior deals delayed over BSA and CRA issues, has agreed to buy a bank in the Houston area.

Stars aligning for more bank debt sales

BankThink

Capital Growth strategies Debt Community banking MississippiIncreased investor appetite and the emergence of specialized debt ratings are expected to spur demand, and community banks are looking for ways to fund expansion and hedge against future economic downturns.

BancorpSouth set to abandon its bank holding company

BankThink

With the move, the Mississippi bank would no longer be regulated by the Federal Reserve. Community banking Revenue and expenses Compliance Federal Reserve FDIC MississippiThe decision comes after the bank struggled with Bank Secrecy Act and Community Reinvestment Act compliance.

Auto lending scrutiny: Will states pick up where CFPB left off?

BankThink

Disputes and judgments Auto lending Subprime lending Consumer lending CFPB New York Maryland Massachusetts Delaware MississippiAuto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices.

First Bancshares in Miss. makes bigger push into southern Ala.

BankThink

Community banking M&A Capital Growth strategies Mississippi AlabamaThe company, which agreed to buy Southwest Bancshares in Mobile, also plans to sell $45 million in stock to help fund the deal.

Hancock in Miss. announces rebranding effort, higher earnings

BankThink

Community banking Regional banks Banking brands Branding Earnings Mississippi LouisianaThe company, which plans to change its name to Hancock Whitney next year, reported increased profit that reflected balance sheet growth.

CFPB fines Alabama lender but suspends most of penalty

BankThink

The bureau determined that Triton Management Group had unfairly charged Mississippi consumers excess interest in violation of state law. Small-dollar lending Enforcement actions Payday lending CFPB

Walking in your neighbor’s shoes this Thanksgiving.

Long Lasting Ideas

The scene was the Mississippi Gulf Coast, a land that still looked for all the world like a war zone, thanks to Hurricane Katrina, the storm that hammered Mississippi and Louisiana just three months before. Thanksgiving 2005.

First NBC in New Orleans hires industry veteran Carl Chaney as its new CEO

BankThink

Chaney was CEO of Hancock Holding in Mississippi for nearly a decade, overseeing a period of substantial growth. Succession planning Growth strategies M&A

Remaining cautious on energy credits at Hancock Holding

BankThink

The Mississippi company reported loan growth but a dip in profits after a first-quarter acquisition, and it warned that it is on alert for any new “lag” in the energy sector. Earnings Commercial lending Energy industry M&A

User-centric and entity-centric analytics, the perfect combination for IoT security

Dataconomy

Consider the collapse of the I-35 W Mississippi River Bridge. Cisco and Microsoft have recently invested in the Internet of Things (IoT) – indicating not only that IoT has reached massive scale, but that tech giants are clearly putting their bets behind it. Because IoT is changing the game.

Kings, Queens and unlocking dreams.

Long Lasting Ideas

It’s a story of how a new teacher in town used an ancient game –chess – to open the minds and hearts of a Southwest Mississippi community, and taught kids to dream—and dream big.

CUNA receives first 2017 board nomination

CU Insight

Charles Elliott, president/CEO of the Mississippi Credit Union Association, Jackson, Miss., General board nominations Charles Elliot CUNA CUNA News Now Mississippi Credit Union AssociationCUNA has received the first nomination for open positions on CUNA’s board of directors.

Oral History Tour Stop 2: Clarence Hall, Jr. of the Issaquana County FCU

Credit Union History

March 3rd, 2014 For the second interview of my African American elder oral history tour , I headed west from the Jackson home of my gracious CouchSurfing hosts into rural Mississippi. Upon turning north off I-20 near Vicksburg, I found myself on a road that tracing the contours of the enormous earthen levees that shield the area’s expansive, seemingly endless cotton fields from the excesses of the Mississippi river.

Energy Lenders in Hot Seat After Warning from Big Gulf Coast Bank

American Banker

Word that Hancock Holding in Mississippi would more than double its loan-loss allowance has triggered broader questions about how the oil slump could spread beyond the energy portfolios of a whole class of banks.

What to do with unprofitable branches? Donate them and get CRA credit

BankThink

Rather than pull up stakes and leave two low-income Mississippi towns at the mercy of payday lenders, Regions Bank donated the branches to a local credit union and kicked in another $500,000 for operating costs. Underbanked Community banking Branch banking CRA Small-dollar lending Consumer banking Sailthru NMN origination no display Regions Bank

Iowa, Illinois Deal: 2.63% On 5-Year CDs

Bankaholic

Savers from 29 counties straddling the Illinois and Iowa border can take advantage of this 5-year CD rate from IH Mississippi Valley Credit Union. CD Rates 5-year cd best cd rates certificates of deposit ih mississippi valley credit union

CFPB Accuses Check Casher All American of Deceptive Acts

American Banker

The Consumer Financial Protection Bureau has charged a Mississippi company with refusing to disclose check-cashing fees to consumers, deceptively pressuring borrowers into taking out multiple payday loans and keeping overpayments. breaking_news consumer-finance national-regional cfpb compliance doddfrank enforcement collections exams payday sailthru-no-lead law-regulation

Perficient Team Joins “Bike to Work Day” Third Year in a Row

Perficient Financial Servies

In addition to many of our colleagues biking to work, we also completed a 4-mile, easy-paced lunch ride along the Mississippi river. Our Perficient Minneapolis office celebrated its third annual Bike to Work Day in May.

Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Supreme Court ruled in May that states may legalize sports betting — it was already allowed in Nevada — four other states have approved such wagering: Delaware, Mississippi, New Jersey and West Virginia. In Mississippi, there is also no integrity fee, but no online or mobile wagering — at least not yet, which means consumers place bets at casino sports books. The U.S.

The United States Of Startups: The Most Well-Funded Tech Startup In Every US State

CB Insights

Four states did not have any companies that met all our criteria for inclusion in the map: Alaska, Mississippi, South Dakota, and Wyoming. Mississippi. The tech boom has diffused beyond the traditional hotbeds of California, New York, and Massachusetts, across the entire United States.

Walmart Pay Launches In 16 States, DC

PYMNTS

As of today, Walmart Pay is available in: Virginia, North Carolina, South Carolina, Nebraska, North Dakota, South Dakota, Iowa, Tennessee, Kentucky, Michigan, Indiana, Alabama, Georgia, Louisiana, Missouri, Mississippi and Washington, D.C. “We The retail giant’s payment method is finally here.

DC 146

Evansville Teachers FCU Buys Regional Mortgage Company

Keith Leggett's Credit Union Watch

The deal is expected to become effective November 15 and will expand the credit union’s mortgage lending presence to 12 new markets in the states of Kentucky, Tennessee, Alabama, and Mississippi. CU Today is reporting that Evansville Teachers FCU (Evansville, IN) plans to purchase First Liberty Financial Mortgage, a regional mortgage company headquartered in Owensboro, KY. With the acquisition, First Liberty Financial Mortgage will become a division of Evansville Teachers FCU. The $1.3